New Jersey rescinds 2023 order that blocked new Coinbase staking in the state
The state securities bureau withdrew its cease-and-desist order without prejudice on 30 October. Coinbase says New Jersey users will be able to stake again "very soon", but its staking eligibility page still lists New Jersey as restricted.
· Effective · Verified 2026-11-03 via official announcement
Effective Oct 30, 2026: New Jersey rescinds 2023 order that blocked new Coinbase staking in the state. Affects: Coinbase customers in New Jersey who want to stake. Source: assets.ctfassets.net, verified Nov 3, 2026. Coinbase code 33NYAA8.
The New Jersey Bureau of Securities rescinded, without prejudice, its June 2023 summary penalty and cease-and-desist order against Coinbase on 30 October 2026. The order had stopped New Jersey customers from staking new crypto through Coinbase. Coinbase made the rescission public on 2 November and says staking will return for New Jersey users, but has not given a date.
The rescission was made without a ruling on the merits of the 2023 order, and the bureau kept the right to take future enforcement action against Coinbase. The 2023 order had included a $5 million civil penalty; neither the rescission nor Coinbase's statements mention any payment. Coinbase's quarterly report says the regulator told it on 29 October that it intended to rescind the order. This was an administrative order, not a court case, although Coinbase staff describe it as a dropped lawsuit.
As of 3 November, Coinbase's staking eligibility page still groups New Jersey with California, Maryland and Wisconsin, where no new principal can be staked, current stakers keep earning rewards that do not compound, and unstaked funds cannot be restaked. Washington has also issued a notice, but its residents can still stake. Staking is fully available in all other states, according to the same page.
Coinbase says New Jersey users missed more than $15 million in staking rewards while the order was in place. Alabama, Illinois, Kentucky, South Carolina and Vermont dropped their staking actions against Coinbase in 2025, according to its quarterly report.
“The Coinbase Order is rescinded, without prejudice.”
— New Jersey Bureau of Securities, order of 30 October 2026
Who this affects
Coinbase customers in New Jersey who want to stake. Customers in California, Maryland and Wisconsin remain unable to stake new funds.
Coinbase at a glance
Coinbase is a US-listed (Nasdaq: COIN) custodial crypto exchange and broker. Simple buys and sells carry a spread plus a Coinbase fee, Coinbase Advanced is a maker/taker order book, and since 2025 the app has offered DEX trading of onchain Base and Solana tokens through an integrated self-custody wallet.
More from the newsroom
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- New Jersey Bureau of Securities - Notice of Rescission of Summary Penalty and Cease and Desist Order (30 Oct 2026, copy published by Coinbase) — checked 2026-11-03
- Brian Armstrong on X - New Jersey users will be able to stake again very soon (2 Nov 2026) — checked 2026-11-03
- Molly Abraham (Coinbase) on X - New Jersey drops staking action and lifts cease-and-desist (2 Nov 2026) — checked 2026-11-03
- Coinbase Help - Staking eligibility by state — checked 2026-11-03
- Coinbase - State staking action dismissals — checked 2026-11-03
- Coinbase Global - Q3 2026 Form 10-Q (legal proceedings) — checked 2026-11-03
- New Jersey Bureau of Securities - Summary Penalty and Cease and Desist Order against Coinbase (6 June 2023) — checked 2026-11-03
- The Defiant - New Jersey Rescinds Coinbase Staking Order (2 Nov 2026) — checked 2026-11-03
- Cointelegraph - New Jersey and Coinbase staking (2 Nov 2026) — checked 2026-11-03
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